IR-News & Press

 
2022-09-30

Sale of stake in weclapp SE completed

  • 3U realises increase in value thanks to its consistent development of the subsidiary weclapp SE since its foundation
  • High cash inflow to be used for business expansion and dividends

Marburg, 04 October 2022 – 3U HOLDING AG (ISIN DE0005167902) has sold its stake in weclapp SE to a subsidiary of Exact Group B.V., Delft, Netherlands. A corresponding contract had been signed at the beginning of September 2022 and was completed as expected on 30 September 2022 with the inflow of the purchase price. Founded in 2008, today's weclapp SE developed into a strongly growing provider of cloud-based ERP platforms, also thanks to start-up financing as well as comprehensive organisational and strategic support from the parent company 3U HOLDING AG. With the sale now completed, the strategic goal of increasing value for the stakeholders of 3U was also successfully implemented with this project and a high inflow of funds was realised.

After deduction of costs, a net inflow of more than EUR 150 million remains. The Management Board had already announced on the occasion of the signing of the contract that this would lead to a significant increase in the earnings forecast. This will be specified when the results for the third quarter and the first nine months of the 2022 financial year are announced.

The Executive Board and Supervisory Board are also considering to propose to the Annual General Meeting allowing shareholders to participate in the success of the transaction by distributing an appropriate dividend.

Uwe Knoke, responsible for strategy and business development on the Management Board of 3U HOLDING AG, emphasises: "We consider increasing value for the benefit of our shareholders, our employees and all stakeholders to be our corporate purpose. In addition to the possibility of distributing an appropriate dividend, the successful transaction opens up far-reaching potential for us to strengthen and strategically expand the business in our three segments. Across the Group, we are now identifying new opportunities that offer above-average growth prospects. After all, it is our strategic goal to sustainably continue our growth and further improve our operational earnings strength beyond this transaction."

 

Further Information:
Dr. Joachim Fleing
Investor Relations
3U HOLDING AG
Tel.: +49 6421 999-2211
Fax: +49 6421 999-1222
E-Mail: IR@3U.net

About 3U:
3U HOLDING AG (www.3u.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. For the purpose of increasing value for its shareholders, employees, customers, suppliers and all stakeholders, it acquires, operates and sells companies in the three segments ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology).The 3U Group has successful and profitable business models based on megatrends in all three segments and is striving to achieve leading positions in the market, in particular with its e-commerce business area.

3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).